Waunakee Neighborhood Connection Corp

Analysis

Waunakee Neighborhood Connection Corp is a registered charity in United States, based in Waunakee, WI. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waunakee Neighborhood Connection Corp reported income of $892k and spending of $595k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $892k (+239%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waunakee Neighborhood Connection Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Life Enrichment Center ($892k), Montgomery County Food Council Inc ($892k) and Adams County Senior Citizens Council ($891k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $63k (11% of expenses). Other salaries and wages came to $83k. At year end it held assets of $812k against liabilities of $23k, net assets of $790k.